Short-term supplies of natural gas

Good article. Note the growth of natural gas use in the US. Looks like prices going up?

http://www.theoildrum.com/node/3785#more

Here's a real hint that North American gas prices will be going up. Look at what Japan is paying to lock up LNG supply. Doesn't look like cheap LNG will knock our gas markets down. Doesn't this article simply play into todays theme of inflation postings??

Indonesian term LNG deal sets new Asian benchmark

By Annika Breidthardt

SINGAPORE, March 31 (Reuters) - Indonesia's deal to raise liquefied natural gas (LNG) prices to Japan sets a new benchmark for Asian term contracts and ups the heat on other gas deals currently under negotiation, analysts said on Monday.

Analysts said the agreed price based on crude oil levels -- around $16 a million British thermal unit -- was the highest they had seen for firmly guarded term LNG deals.

whole article is here